Ponemon Report: The Impact of Data Discovery and Data Classification In Information Security
Following Spirion’s presentation at RSA 2017, “The Impact of Data Discovery and Data Classification in Information Security” Dr. Larry Ponemon of the Ponemon Institute discusses some of the key findings from “The Importance of DLP in Cybersecurity Defense” Ponemon report.
The report, which was published in February of 2017, found significant differences between responses of those that are using a manual approach to mitigate or curtail the leakage of sensitive or confidential information from their organization versus those with varying commercial DLP solutions.
Dr. Larry Ponemon commented on the most interesting and significant findings from the results of the study:
Q: What is the cost of a data breach for companies with and without DLP solutions?
Ponemon: It was interesting to find that reputation damage is the most significant cost for all organizations represented in this study. Non-DLP users spent an average of $4.3 million trying versus Spirion users who spent $2.3 million.
Spirion: The total cost of cybersecurity incidents varies among respondents. Companies using Spirion have been able to reduce the costs involving cleanup and remediation, lost user productivity, disruption to normal operations, theft of IT assets and infrastructure and damage to reputation and marketplace image.
Q: What did the report find in regard to the level of cybersecurity awareness of DLP users vs. non-DLP users?
Ponemon: Data breaches affect every type of company, but in non-DLP use cases there was much more uncertainty around the finer details of these security incidents. Twenty-five percent of respondents not utilizing DLP were uncertain as to whether or not a data breach had even occurred in the past 12 months.
Q: Does utilizing a DLP solution affect a company’s overall security posture?
Ponemon: Absolutely. Forty-six percent of DLP users believe they have a strong security posture – with DLP playing a role in their overall confidence. With that said, only 17 percent of respondents who rely on manual or ad-hoc solutions say they are confident in the ability to locate all sensitive or confidential data at rest.
Spirion: Finding sensitive data is as difficult for enterprises as it to protect it. Whether data is structured or unstructured, across networks or in cloud environments, having a centralized view of an organization’s data sprawl is a critical first step for security teams looking to prevent or limit the impact of a data breach.
Read the 24-page report “The Importance of DLP in Cybersecurity Defense” In this research study, the Ponemon Institute surveyed a total of 3,572 DLP and non-DLP users of which 503 qualified responses were collected.
- How companies rate the effectiveness of their DLP solutions
- How companies rate their ability to locate and protect data
- Comparison of data breach experience between DLP solutions and ad hoc approaches
- Latest trends in sophistication, severity and frequency of cyber attacks
- Top challenges keeping organization’s security posture from being fully effective
- Loss of intellectual property and impact to a company’s competitive advantage
- Average cost of cyber security breach
- Watch the webinar replay with Dr. Larry Ponemon “The Impact of DLP on Cybersecurity Defense”
- Read the 24-page research report by the Ponemon Institute, The Impact of DLP on Cybersecurity Defense
- Watch the webinar replay with Todd Feinman as he points out key findings from the Ponemon report